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Groups circle Lehman’s Hong Kong assets

KPMG, the liquidator of Lehman Brothers' Hong Kong operations, has been approached by more than 250 parties interested in the bank's assets, offering hope to thousands of creditors of the eight Hong Kong entities.

At a media briefing in Hong Kong, Eddie Middleton, KPMG partner, said a divestment programme could start in the next six weeks after the Hong Kong entities entered formal liquidation.